Mobile migration challenges and subsidy cuts impact performance; company withdraws mid-term outlook. #NewsismyBusiness
In 2025, the company aims to restore growth and enhance customer satisfaction through investments in network upgrades and a focus on operational efficiency. #NewsismyBusiness
First BanCorp achieved record revenues in 2024, with total net interest income rising to $807.5 million, up from $797.1 million in 2023. #NewsismyBusiness
As OFG enters 2025, it remains focused on leveraging digital transformation and strategic investments to drive growth. #NewsismyBusiness
The bank is also advancing its digital transformation efforts, with more than 60% of its customers now enrolled in digital platforms. #NewsismyBusiness
The rise in provisions was largely driven by loan growth and changes in credit quality trends, particularly in the auto loan segment. #NewsismyBusiness
The bank’s net income available to common stockholders was $47 million. #NewsismyBusiness
The financial institution also saw quarter-over-quarter growth, as it reported $103.3 million for the quarter ended March 31, 2024. #NewsismyBusiness
First BanCorp.’s board of directors approved a quarterly cash dividend of $0.16 per share on its outstanding common stock. #NewsismyBusiness
The financial institution plans to continue investing in technology to improve customer-facing services as well as internal processes. #NewsismyBusiness
The latest results include an after-tax impact of $9.1 million related to the FDIC Special Assessment in November 2023. #NewsismyBusiness
During the last quarter of 2023, Evertec repurchased 344,715 shares of its common stock at an average price of $36.82 for a total of $12.5 million. #NewsismyBusiness
The compliance and validation consulting company serves the Puerto Rico, U.S., European and Latin American markets. #NewsismyBusiness
Oriental reported a $1.2 billion public funds deposit in mid-December, although the name of the agency involved remains undisclosed due to regulatory restrictions. #NewsismyBusiness
Liberty Puerto Rico reported $351.2 million in income for the third quarter of 2023. #NewsismyBusiness
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